# Stellar (XLM) Rebound Faces Descending Resistance With $0.23 Level in View By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/37298 Published: 2026-10-22T01:43:51.000Z Updated: 2026-10-22T01:43:51.000Z Section: Investing > A four-hour chart setup remains unconfirmed; a break above descending resistance and recent highs would strengthen the case for the conditional target. A four-hour falling-wedge setup places $0.23 as a conditional recovery target, contingent on a confirmed break above descending resistance. The chart has two descending trend lines that narrowed around XLM’s price during October, and the setup has not confirmed a breakout above resistance and recent highs. The chart places near-term resistance at $0.178 to $0.179 and support around $0.176. It also marks resistance near $0.236, above the proposed $0.23 target. A move below the wedge’s lower boundary would weaken the recovery case. The latest setup follows [earlier coverage of mixed XLM technical signals around $0.20](). ## Links in this article - [earlier coverage of mixed XLM technical signals around $0.20](https://www.tokenpost.com/news/investing/30159)